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Home Values Rise Even as Median Prices Fall
Recent headlines have been buzzing about the median asking price of homes dropping compared to last year, and that’s sparked plenty of confusion. And as a buyer or seller, it’s easy to assume that prices are coming down. But here’s the catch: those numbers don’t tell the whole story. Home values are rising nationally, even if the median price…
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Housing Market Forecast: 2nd Half of 2024
As we move into the second half of 2024, here’s what experts say you should expect for home prices, mortgage rates, and home sales. Home Prices Are Expected To Climb Moderately Home prices are forecasted to rise at a more normal pace. The graph below shows the latest forecasts from seven of the most trusted sources in the industry:…
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Is Buying a Home Now a Smart Move?
Are you thinking about buying a home? If so, you’re probably wondering: Should I buy now or wait? Nobody can make the decision for you, but here’s some information to help you decide. What’s Next for Home Prices? Fannie Mae and Pulsenomics publish the Home Price Expectations Survey (HPES) results each quarter. It asks more than 100 experts—economists, real estate professionals,…
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2024 Expert Home Price Forecasts Revised Up
Over the past few months, experts have revised their 2024 home price forecasts based on the latest data and market signals, and they’re even more confident prices will rise, not fall. So, let’s see exactly how experts’ thinking has shifted – and what’s caused the change. 2024 Home Price Forecasts: Then and Now The chart below shows what seven…
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Experts Project Home Prices Will Increase in 2024
Even though home prices are rising nationally, some people still worry they might come down. A recent survey from Fannie Mae found that 24% of people think home prices will decline over the next 12 months. That means almost one out of every four people are dealing with that fear, and you might be, too. To help ease that…
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3 Key Factors Affecting Home Affordability
Over the past year, many people have talked about housing affordability and how tight it’s gotten. But recently, there’s been a little relief on that front. Mortgage rates have gone down since their most recent peak in October. But there’s more to being able to afford a home than just mortgage rates. To understand home affordability, you must consider…
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Key Questions Before Home Purchase
If you’re considering buying a home this year, you’re probably paying closer attention to the housing market. And you’re getting your information from various channels: the news, social media, your real estate agent, conversations with friends and loved ones, the list goes on and on. Most likely, home prices and mortgage rates are coming up a lot. Here are the…
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Steady Growth: Home Prices at a Normal Pace
If you’re feeling a bit muddy about home prices, that’s no surprise. Some people still say prices are falling, even though data proves otherwise. Part of that misconception is that people get their information from unreliable sources. But it’s also coming from some media coverage misrepresenting the data. So, to keep things simple, here’s what you need to…
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INFOGRAPHIC: 2024 Housing Market Forecast
Home Price Forecast: Home Sales Projections: Planning to Buy or Sell?
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The Latest 2024 Housing Market Forecast
The new year is approaching, and you might wonder if 2024 will be the right time to buy or sell a home. To make the most informed decision possible, it’s essential to know what the experts say about what’s ahead for the housing market. Spoiler alert: the projections may be better than you think. Here’s why. Experts Forecast…